https://www.taxtmi.com/caselaws?id=371425 The Tribunal allowed the assessee's appeal, deleting the addition made by the AO regarding the disallowance of exemption claimed for long-term capital gains on the sale of shares. The decision was based on the lack of concrete evidence against the assessee and reliance on judicial precedents emphasizing the importance of evidence over suspicion. The Tribunal stressed the need for uniformity and consistency in applying legal standards to ensure genuine transactions are not unfairly disallowed. en-us Wed, 28 Nov 2018 00:00:00 +0530 Tue, 04 Dec 2018 08:59:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371425 The Tribunal allowed the assessee's appeal, deleting the addition made by the AO regarding the disallowance of exemption claimed for long-term capital gains on the sale of shares. The decision was based on the lack of concrete evidence against the assessee and reliance on judicial precedents emphasizing the importance of evidence over suspicion. The Tribunal stressed the need for uniformity and consistency in applying legal standards to ensure genuine transactions are not unfairly disallowed. Case-Laws Income Tax Wed, 28 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371425